Get started

Gbp-jpy

GBPJPY: Thoughts and Analysis Pre-BOJToday's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next from the Bank of Japan. Will they tweak their bond-buying program? We have seen some solid volatility from past meetings. Could this be another? We have run over two scenarios in today's video, and we will look to see what happens next for the JPY after tomorrow's BOJ meeting. Rates are expected to remain on hold, and the statement and outlook report are expected between 11:30 am and 4 pm on Tuesday this week. Good trading.
by Eightcap
XAUUSD BuyBuying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area. Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk Entered at the low end of a 4Hr OB, which I'd like price to close above. Not to much more analysis here, kept it simple, still using @nephew_sam_ FVG indictor so testing this on my funded account.
OANDA:XAUUSDLong
by xEthan
GJ Possible movement for next week openingLooking to short GJ next week, although a break of this 184.100 zone could push GJ to longs targeting 188.60 area (8/1/24) Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00 Using a new indicator by @nephew_sam_ so looking forward to 2024 using this. Upon technical analysis, I can see the finish of 2023 bought the Pound to close around 179.54. From here we have seen the slight push to the now current 183.952 area. This has been a nice steady push for GJ, which makes me think this continuation could continue. Having said this, there hasn't been a major consolidation of price or even a pullback. From this i'd expect a slight pullback tonight (Sunday) or even through (London) Tomorrow or in due course. My guesses are that price will continue for the short while, but a pullback is expected, and this is what I'm targeting. Day traders this could be a good opportunity, Swing traders I would probably focus on the longer targets of buying. First documented trade of 2024 so lets see how this runs.
Short
by xEthan
2
GBPJPY remains mixed and volatile.GBPJPY - 24h expiry A Doji style candle has been posted from the base. Price action looks to be forming a bottom. We are trading at overbought extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the 180.65 level. We look to Buy at 180.65 (stop at 179.85) Our profit targets will be 182.65 and 183.05 Resistance: 182.10 / 183.35 / 184.60 Support: 178.00 / 175.15 / 173.60 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GBPJPY Strong rally if the MA50 (1d) breaks.GBPJPY is trading inside a Bullish Megaphone pattern with the price testing now for the 2nd time the MA50 (1d). This test is coming only 3 days after the price hit the bottom of the Megaphone. The previous bottom formations have been very similar to the current pattern. Trading Plan: 1. Buy when the pair closes a (1d) candle above the MA50 (1d). Targets: 1. 190.000 (Fibonacci 1.236 extension). Tips: 1. The RSI (1d) has made a Double Bottom formation over the oversold level of 30.00. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
GBP/JPY Analysis – Moving Averages and Supply/Demand Bearish PerHello traders, GBP/JPY has presented a potential bearish scenario amidst recent developments in the 50 and 100 Simple Moving Averages (SMA), coupled with supply and demand dynamics. Keep in mind that the upcoming Bank of England (BOE) interest rate decision on Thursday could influence the analysis, and traders should remain vigilant. The 50 SMA has recently crossed below the 100 SMA, signaling a potential bearish momentum shift. This crossover could indicate a trend reversal or the beginning of a downtrend. Supply and Demand: Entry Points: Current Price (Market Entry): Given the recent bearish crossover, consider entering a short position at the current market price for potential continuation. 183.430 Level (Pending Entry): Another entry point could be around 183.430, aligning with a potential retracement to the moving average resistance. Take Profit Points: 1st: Set the first take-profit point at 176.360, which aligns with a significant support level. This level could pose a challenge for further downward movement. 2nd: The second take-profit point is set at 180.400, considering potential resistance and supply in that region. Risk Management: Place stop-loss orders above key resistance levels or recent swing high please. Evaluate risk-reward ratios before entering trades and adjust position sizes accordingly.
Short
by AliSignals
5
GBPJPY Technical Analysis 19.12.2023 1h chart– Previous Daily candle closed small Bullish around 180.550 within the recent Daily range as price consolidates on the lower timeframe. – Buys on close above 181.100 targeting 4h Resistance around 181.560, Leaving Runners to the 30min Resistance formed around 181.950. – Sells on close below 180.070 targeting 1h previous Resistance formed on 14th December 2023 around 179.370, Leaving Runners to the 1h Support formed around 179.010. – High Impact News ahead of the Asian session for the Japanese Yen for review on interest rates, Monetary Policy Meeting Minutes, Monetary Policy Statement, Bank Of Japan Policy Rate followed by Bank Of Japan Press Conference, High Volatility expected
by SalimFX20
GBPJPY Potential DownsidesHey Traders, In the upcoming week, our focus will be directed towards GBPJPY, where we are actively observing a potential selling opportunity within the 181 zone. Presently, GBPJPY is navigating a downtrend, indicative of a sustained downward momentum. Within this broader trend, the currency pair is currently undergoing a correction phase, steadily approaching the trend at the significant 181 resistance area. The correction phase in GBPJPY introduces a dynamic element to the market, offering the prospect of a strategic entry point for sellers. The 181 resistance area holds particular importance due to its historical significance as a level where price movements have previously elicited substantial reactions. Traders will closely monitor this critical juncture in anticipation of signals that may inform their selling decisions in the coming week. Trade safe, Joe.
Short
by JoeChampion
GBPJPY to turnaround?GBPJPY - Intraday Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we prefer to buy into dips close to the 180.22 level. We look to Buy at 180.22 (stop at 179.42) Our profit targets will be 182.22 and 182.62 Resistance: 182.10 / 183.35 / 184.60 Support: 180.30 / 178.00 / 175.15 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA